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Jan 18, 2013
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the last dozen years however, we have dropped below 2%. and the so-called obama recovery is just a tad above that 2% rate. which should be unacceptable. it is the worst in the post world war ii era. so the question tonight, what's holding back the american economy? here's my quick road map for an economic boom. start off with major cuts in government spending. we should stop paying people not to work. then cut large and small business tax rates to about 25% or less. both large and small business. finally, president obama, please, ease up on all the regulations. i want to talk about this because nobody should be satisfied with 2% growth. let's talk to our friend dean baker from the center for economic and policy research. welcome to both of you. all right, dean, i think 2% is way too low. i think we should be striving for something that's more than twice and that history of america. why can't we get there? >> i agree that's way too low. your policies, they tried that unity, they're back in recession or maybe they're scraping along. that's n
the last dozen years however, we have dropped below 2%. and the so-called obama recovery is just a tad above that 2% rate. which should be unacceptable. it is the worst in the post world war ii era. so the question tonight, what's holding back the american economy? here's my quick road map for an economic boom. start off with major cuts in government spending. we should stop paying people not to work. then cut large and small business tax rates to about 25% or less. both large and small...
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Jan 18, 2013
01/13
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aka obama care. once that goes into affect in 2014, companies that employ more than 50 full-time workers will either need to provide their employees with expensive health care coverage or pay $2,000 to $3,000 penalty. that's why businesses of all sizes are searching for ways to cope with this law, and the easiest way to avoid paying these expenses is to hire more temps. see, to qualify for health care coverage under the affordable care act, they have to work for 12 months. they are more likely to hire temp employees. you will try to have fewer than 50 full-time employees so you don't have to rely on obama care. and small businesses aren't alone in not wanting to cover health care costs. if you are a larger business, you'll be much more likely to hire temporary workers rather than full-time employees to avoid paying more for health insurance. even though obama care only kicks in starting in 2014, did you know companies need to start making these adjustments now? because the law has what's known as a 1
aka obama care. once that goes into affect in 2014, companies that employ more than 50 full-time workers will either need to provide their employees with expensive health care coverage or pay $2,000 to $3,000 penalty. that's why businesses of all sizes are searching for ways to cope with this law, and the easiest way to avoid paying these expenses is to hire more temps. see, to qualify for health care coverage under the affordable care act, they have to work for 12 months. they are more likely...
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Jan 18, 2013
01/13
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the biggest election day of last year was december 16th. you had president barack obama, putin, francois hollande and pena in mexico. shinzo abe in japan, december 16th, going to weaken the yen and restructure there, and we think japan has legs, maria. >> right. >> so you want to get exposure, big exporters, automobile companies, electronics. >> japan exporters are on fire and that's why that fund has been really increasing. >> you look at a chart, maria, goes straight up. >> hey, josh, you like health care stocks, too, at this level, don't you? >> we've been extremely bullish on health care since the early part of last-year, and there was absolutely nothing in the data, terk call or fundamental that tells us we should change our mind. one name to highlight is pfizer. they are about to spin off their animal health unit. if you know the data on how spinoffs typically perform, parent and child, you'll want to pay extra special attention to the timing of this deal, because i've got to tell you, i think it will be unlike a lot of value. i think
the biggest election day of last year was december 16th. you had president barack obama, putin, francois hollande and pena in mexico. shinzo abe in japan, december 16th, going to weaken the yen and restructure there, and we think japan has legs, maria. >> right. >> so you want to get exposure, big exporters, automobile companies, electronics. >> japan exporters are on fire and that's why that fund has been really increasing. >> you look at a chart, maria, goes straight...
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52
Jan 18, 2013
01/13
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your 15-year-old self must be dying to know how. we'll tell you. back to you scott and the halftime crew. >> thanks so much. see you at the top of the hour. how low will the yen go? japanese stocks ripping again today. the yen continues to plunge against the dollar. should you bet against this trend? let's bring in kathy. this trade is not over. >> i don't think so. i think you are standing in front of the dollar/yen move and trying to short it is like trying to stand in front of a run away train. it is headed higher ahead of the boj meeting next week. >> early in the week, yeah? >> yes. it is going to be on tuesday in japan so i think that today we've seen a little yen weakness. on monday we'll continue to see a bit of yen weakness and maybe another break above the 90 level before the boj meeting. >> 90 is a key place for you in this trade. give us the levels. >> it is. basically i'm looking to come in dollar/yen and to pick up the currency and a little bit of a dip at 89.50 so not far from current levels. with the stock at 88 and i want to go hal
your 15-year-old self must be dying to know how. we'll tell you. back to you scott and the halftime crew. >> thanks so much. see you at the top of the hour. how low will the yen go? japanese stocks ripping again today. the yen continues to plunge against the dollar. should you bet against this trend? let's bring in kathy. this trade is not over. >> i don't think so. i think you are standing in front of the dollar/yen move and trying to short it is like trying to stand in front of a...
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Jan 18, 2013
01/13
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. >> on monday, president obama will be inaugurated for a second time. you have called obama care a variety of things. most famously, a form of fascism. a phrase you backed away from. why do you feel so strongly that obama care and this president is leading in the wrong direction? >> well, first i made a poor choice in words that got a lot of people upset. and of koirs that wasn't my intention. i'm a believer in free enterprise capitalism. i think it is what's lifted humanity out of poverty. i think it result in great progress we made in the world. a hundred years ago 85% of people alive lived on less than $1 a day. average life span, 30. now across the world, 68. 78 in the united states. that's due it capitalism. that's due to business. i would like to see healthcare based on free enterprise capitalism. instead it has moved to greater government control, which saps innovation, doesn't give us choices or innovations. i would much rather see a safety net for poor people so everyone can afford healthcare, but let the markets work. we have crony capitalism
. >> on monday, president obama will be inaugurated for a second time. you have called obama care a variety of things. most famously, a form of fascism. a phrase you backed away from. why do you feel so strongly that obama care and this president is leading in the wrong direction? >> well, first i made a poor choice in words that got a lot of people upset. and of koirs that wasn't my intention. i'm a believer in free enterprise capitalism. i think it is what's lifted humanity out of...
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Jan 18, 2013
01/13
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president obama's approval rating is over 50%, it's at 52%. not bad. but not a real spike as sometimes you get with a re-elected president who benefits from the absence of bad feeling once the election is over. he's doing a little better, but he only moves in a narrow band. republicans or the congress, rather, is doing much, much worse. you see the approval rating for congress. it's only 14%. 81% disapprove of congress. that is epically bad and it shows the president has a bit of a strength in hand as he goes into the budget talks. so does this final number that i want to run through, which is if the budget talk fails, the debt limit is not raised and if there are consequences for the united states not meeting its obligations, who would you blame? 45% say they would blame republicans in congress. only 33% say they would blame pb and democrats. the bully pull pit has some value. democrats have a better image with the american people than republicans do. but nobody has a great image right now. and when we asked people, joe, the recent budget talks in was
president obama's approval rating is over 50%, it's at 52%. not bad. but not a real spike as sometimes you get with a re-elected president who benefits from the absence of bad feeling once the election is over. he's doing a little better, but he only moves in a narrow band. republicans or the congress, rather, is doing much, much worse. you see the approval rating for congress. it's only 14%. 81% disapprove of congress. that is epically bad and it shows the president has a bit of a strength in...